Consumer Confidence Rated High in Annual ABC News/Money Magazine Poll
The annual ABC News/Money magazine poll reported this week that almost three-fourths of Americans said the U.S. economy is strong, a mark just shy of a previously reported all-time high in confidence. In addition, almost 70 percent rated their personal finances as positive, and just over 50 percent reported that now was a good time to purchase goods.
The cause for the continuous rise in confidence in the 13-year-old poll is attributed to the 29-year-low unemployment figure at 4.2 percent, as well as low inflation and interest rates.
Economic worth is a factor, as the numbers indicate that those with higher than average incomes rate the economy better than low income earners.